Description

Highpoint is situated between the commercial quarter and Liverpool Waters district. The current building provides a 3 storey plus basement detached building with six car parking spaces above ground and 12 car spaces to the basement providing a bespoke office building. The building and site occupy a prominent location on Highfield Street set back, fronting onto Leeds Street (A5053) main arterial route into Liverpool City Centre.

The existing building provides a prominent purpose built brick with full height glazed elevations on a corner plot providing a 3 storey detached Grade A office building with onsite car parking.

The entire building is let to KKA Ltd from 5th July 2015 for a period of 15 years expiring on 30th June 2032 at a current rental of £144,000 per annum, including 6 external car spaces and 12 undercroft secure garage car parking spaces. There is a Variation Deed with a development clause with 6 months notice in the event that the site is redeveloped with vacant possession will be achieved. For further details on the lease provisions please see the legal pack.

There is a Variation Deed with a development clause with 6 months notice in the event that the site is redeveloped with vacant possession will be achieved

KKA Ltd has been trading for approximately 70 years as an architect’s practice and provides a good covenant as an investment whilst there is an opportunity to develop the site for residential or hotel purposes, subject to obtaining the necessary planning consents. There are a number of sites surrounding the subject, Highfield Point, either being developed or with planning permission including Infinity which will provide 26, 32 and 38 storey residential development, Ovatus 1 which, has planning for 27 storey block and North Point, proposed for 18 to 30 storeys, which provides an indication of the forms of development in the immediate surrounding area. The site sits within the prime City Centre and therefore there is no car parking provision requirements if the site is redeveloped. The site could benefit from views across towards the River Mersey and towards the City Centre skyline.
The building is available with the benefit of the leased premises to KKA Ltd with the ability to obtain vacant possession for a redevelopment of the freehold interest

M² / SQ FT
Ground Floor - 232.26 m² 2,500 sq.ft
First Floor - 232.26 m² 2,500 sq.ft
Second Floor - 204.38 m² 2,200 sq.ft
Total - 668.90 m² 7,200 sq.ft

Disclaimer:
Material information will be provided within the legal pack - to download this register your interest at tcpa.co.uk.

EPC

D

Tenure

Freehold

For sale by online auction on 25th July 2024
Bidding opens at 10:00am and closes from 12:00 noon
Investment opportunity
£144,000 per annum on unexpired term approx. 8 year lease remaining
Approx.7,200 sqft
Benefitting from redevelopment clause
Scope to develop the site with vacant possession
Prime City Centre Mixed Use / Residential area

Buyers Premium

Plus Fees

Investment Opportunity With Development Potential